Breach of Preliminary Land Sale Contract and Effect of Subsequent Bona Fide Registration

A party contracted to sell land with a promise to transfer ownership on a future date, but subsequently sold the same property to a third party who registered their deed first. The original purchaser sued, seeking damages for breach of contract and the cancellation of the second sale. The court held that while the initial promise to sell created a binding contractual obligation, the subsequent transfer to the third party who registered their title in good faith extinguished the initial purchaser's right to obtain the property, leaving them only entitled to damages for the breach of the preliminary contract.